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More info pecific identification method. Assume the fo hand balances after each transaction. Once an hand at the end of the pertod. (Enter the oid 5. Read Booki has the following transactions in August relatod to merchandse inventory. August3:August15:Augut2n:7bookscosting$19each7booksoosting$19eachand4bookscosting$21each2bookscosting$21eochand2bookseosting$26wach perpetiad recond, colculate the quastity and total cost of merchandise imveriory purchased, sold, and on hand at the end of the period. (Unter the oldest inveriary layers frast) 6. Road tocks has the followerg transactions in August related to therchand se mventory. b. Determine the cost of goods sold and ending merchandise invertory by preparing a perpetual inventory record using the FIFO ifventory costing method 5. Read Books hast the following transactions in August related to merchandise imentory. pecpetuat recold, calculats tow quartity and total cost of merchandise inventory punchased, aolt, and on hand at the end ef the period. (Enter the cidest thventery layers first) More info pecific identification method. Assume the fo hand balances after each transaction. Once an hand at the end of the pertod. (Enter the oid 5. Read Booki has the following transactions in August relatod to merchandse inventory. August3:August15:Augut2n:7bookscosting$19each7booksoosting$19eachand4bookscosting$21each2bookscosting$21eochand2bookseosting$26wach perpetiad recond, colculate the quastity and total cost of merchandise imveriory purchased, sold, and on hand at the end of the period. (Unter the oldest inveriary layers frast) 6. Road tocks has the followerg transactions in August related to therchand se mventory. b. Determine the cost of goods sold and ending merchandise invertory by preparing a perpetual inventory record using the FIFO ifventory costing method 5. Read Books hast the following transactions in August related to merchandise imentory. pecpetuat recold, calculats tow quartity and total cost of merchandise inventory punchased, aolt, and on hand at the end ef the period. (Enter the cidest thventery layers first)